Brexit Loan Scheme

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The €300 million Brexit Loan Scheme is designed to provide funding support to enable eligible Irish businesses to implement necessary changes to address the challenges posed by Brexit. The Scheme will be available from 31st March 2018 and will remain open until 31st March 2020.

Who can apply? 

To be eligible, a business must meet the following criteria:

1. Must be a viable business of fewer than 500 employees

2. Must be Brexit impacted

3. Must meet Scheme criteria*

Loan features:

  • €25,000 to €1,500,000 per eligible enterprise
  • Maximum interest rate of 4%
  • Term ranging from 1 year to 3 years
  • Unsecured loans up to €500,000
  • Optional interest-only repayments provided at the start of the loans
  • Approval of all loans would be contingent on meeting the credit assessment criteria of the finance provider

 

Loans can be used for:

  • Future working capital requirements.
  • To fund innovation, change or adaptation of the business to mitigate the impact of Brexit.

 For further information please read the Brexit Loan Scheme Information Pack 

If you have further queries about the Brexit Loan Scheme, contact infoSBCI@ntma.ie

 

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